Out of bounds
London
Hammond: Britain has changed " its economic model , "
said British finance minister, Philip Hammond, Britain could change the economic model pursued by to restore their competitiveness if excluded from the single European market after separation from the European Union.
In an explicit threat of the possible use of the UK corporate tax as a lever in negotiations separation Hammond told the newspaper "Welt am Sonntag" that he hoped that Britain maintains an economic model similar to the European model of the tax system and the same rules.
He said when he was asked directly about the reduction of the corporate tax , "Britain plans if we were forced to a different approach should bring something different."
"If we exclude from the European market .. If Britain out of the European Union without an agreement on theopening of markets Vsttdharr economically in the short term at least.
" In this case we will have to change the economic model to restore competitiveness. We will change themodel and will rise and we will be able to compete. "
Cairo
Egypt begins an international bond sale sell $ 2.5 billion
Egyptian Finance Minister, said Amr Garhi, Egypt is aiming to issue international bonds worth $ 2.5 billion, in a promotional tour begins this week.
He Garhi, through a press conference in Cairo, that the tour will begin on Monday in the United Arab Emirates and then transferred to the United States and Britain, to conclude on 24 or 25 this January.
was scheduled to tour departs in November, but was delayed due to market turmoil. he Garhi Egypt is working to curb the budget deficit, expected to reach about 10.1% at the end of fiscal year 2016-2017.
the minister said that the benefit of IMF loan to Egypt between 1.5 and 1.75%, though each slice repaid in ten years.
he Garhi to the deficit in the Egyptian budget retreat, during the first half of the current fiscal year, to hit 174 billion pounds, 5.1% of GDP, compared to 6.2% during the corresponding period of last fiscal year.
He said the minister, during the conference, the first budget deficit It amounted to 58.5 billion pounds, 1.1% of GDP, compared to 2.1% during the same period last year, which had a record 39 billion pounds.
Finance Minister said that total revenue rose from 192 billion pounds during the first half of last fiscal year, to 220 billion pounds during the first half of the current fiscal year, as expenses rose to 389 billion pounds compared to 355 billion pounds.
He continued that " the economic reforms , which has affected the prices, and thus on the ability of individuals to spend, but we are seeking to reduce the negative effects on inflation."
He repeated his call to Garhi investors to take advantage of opportunities because of the economic reforms.
Seoul
jump in South Korea 's imports of Iranian crude ,
and South Korea 's imports of Iranian crude in December rose nearly eight - fold compared with a year earlier , while imports from Iran has increased over the last year to more than double in 2015 in the wake of thelifting of sanctions on Tehran in January / December last second.
Customs office data showed that South Korea 's fifth - largest importer of crude in the world bought 1.55 million tons of Iranian crude in December , or 367 thousand and 317 barrels per day , compared with 207 and 629 thousand barrels a year ago and 1.73 million tons in the previous month.
South Korea 's largest buyer of Iranian crude. And it imported Seoul 's 14 million tons , or 281 thousand and 187 barrels of crude from Iran in 2016 , up 145.4 percent from 5.7 million tons , or 114 thousand and 595 barrels per day 2015
and increased imports from Saudi Arabia 6.7 percent compared with a year ago to 4.01 million tons , or 948 thousand and 936 barrels Daily. And increased imports of the largest oil exporter to Seoul last year 's five percent to 43.81 million tons, equivalent to 879 thousand and 832 barrels per day.
Last month , it imported the fourth largest economy in Asia , 13.24 million tons of crude , or 3.13 million barrels per day , down 1.2 percent from 13.4 million tons a year earlier , according to the data.
In 2016 fully and South Korea 's imports amounted to 143.95 million tons of crude , or 2.89 million bpd , up 4.4 percent from 137.83 million tonnes in the previous year.
Hammond: Britain has changed " its economic model , "
said British finance minister, Philip Hammond, Britain could change the economic model pursued by to restore their competitiveness if excluded from the single European market after separation from the European Union.
In an explicit threat of the possible use of the UK corporate tax as a lever in negotiations separation Hammond told the newspaper "Welt am Sonntag" that he hoped that Britain maintains an economic model similar to the European model of the tax system and the same rules.
He said when he was asked directly about the reduction of the corporate tax , "Britain plans if we were forced to a different approach should bring something different."
"If we exclude from the European market .. If Britain out of the European Union without an agreement on theopening of markets Vsttdharr economically in the short term at least.
" In this case we will have to change the economic model to restore competitiveness. We will change themodel and will rise and we will be able to compete. "
Cairo
Egypt begins an international bond sale sell $ 2.5 billion
Egyptian Finance Minister, said Amr Garhi, Egypt is aiming to issue international bonds worth $ 2.5 billion, in a promotional tour begins this week.
He Garhi, through a press conference in Cairo, that the tour will begin on Monday in the United Arab Emirates and then transferred to the United States and Britain, to conclude on 24 or 25 this January.
was scheduled to tour departs in November, but was delayed due to market turmoil. he Garhi Egypt is working to curb the budget deficit, expected to reach about 10.1% at the end of fiscal year 2016-2017.
the minister said that the benefit of IMF loan to Egypt between 1.5 and 1.75%, though each slice repaid in ten years.
he Garhi to the deficit in the Egyptian budget retreat, during the first half of the current fiscal year, to hit 174 billion pounds, 5.1% of GDP, compared to 6.2% during the corresponding period of last fiscal year.
He said the minister, during the conference, the first budget deficit It amounted to 58.5 billion pounds, 1.1% of GDP, compared to 2.1% during the same period last year, which had a record 39 billion pounds.
Finance Minister said that total revenue rose from 192 billion pounds during the first half of last fiscal year, to 220 billion pounds during the first half of the current fiscal year, as expenses rose to 389 billion pounds compared to 355 billion pounds.
He continued that " the economic reforms , which has affected the prices, and thus on the ability of individuals to spend, but we are seeking to reduce the negative effects on inflation."
He repeated his call to Garhi investors to take advantage of opportunities because of the economic reforms.
Seoul
jump in South Korea 's imports of Iranian crude ,
and South Korea 's imports of Iranian crude in December rose nearly eight - fold compared with a year earlier , while imports from Iran has increased over the last year to more than double in 2015 in the wake of thelifting of sanctions on Tehran in January / December last second.
Customs office data showed that South Korea 's fifth - largest importer of crude in the world bought 1.55 million tons of Iranian crude in December , or 367 thousand and 317 barrels per day , compared with 207 and 629 thousand barrels a year ago and 1.73 million tons in the previous month.
South Korea 's largest buyer of Iranian crude. And it imported Seoul 's 14 million tons , or 281 thousand and 187 barrels of crude from Iran in 2016 , up 145.4 percent from 5.7 million tons , or 114 thousand and 595 barrels per day 2015
and increased imports from Saudi Arabia 6.7 percent compared with a year ago to 4.01 million tons , or 948 thousand and 936 barrels Daily. And increased imports of the largest oil exporter to Seoul last year 's five percent to 43.81 million tons, equivalent to 879 thousand and 832 barrels per day.
Last month , it imported the fourth largest economy in Asia , 13.24 million tons of crude , or 3.13 million barrels per day , down 1.2 percent from 13.4 million tons a year earlier , according to the data.
In 2016 fully and South Korea 's imports amounted to 143.95 million tons of crude , or 2.89 million bpd , up 4.4 percent from 137.83 million tonnes in the previous year.
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